Offshore wind needed for New York’s 50% energy goal, energy czar says

Price has long been an obstacle to U.S. offshore wind development, but Bloomberg notes that could change in coming years.

A recently released University of Delaware study found that offshore wind costs could fall as much as 54% by 2030. If Massachusetts committed to developing 2,000 MW of wind by that time, the researchers wrote, offshore wind could reach a price point of $0.108/kWh.

Deepwater Wind’s 30 MW, five-turbine Block Island Wind Farm off Rhode Island’s coast will be the first operating U.S. offshore wind project. Its 20-year power purchase agreement (PPA) calls for all output to go to National Grid, one of New England’s biggest electricity suppliers, at $0.244/kWh.